The RED Camcorder is moving away from vaporware and moving towards a real product!
But camcorderinfo.com is the first place I heard about the RED ONE. It was last NAB and I saw this article: http://www.camcorderinfo.com/content/Red-Announces-High-End-HD-Camcorder-for-$17500.htm
The way that some companies start, with outstanding, revolutionary products, always leads to mass skepticism. I knew it wasn't fake though when I read that Jim Jannard was on the team.
There are other companies that can make some high spec products. Such as Planet82 and the D-Wave Quantum computer without well known billionaires running the company. (Why'd I put D-Wave in there when their computer's built by NASA?)